UAE Banks Take Over Financing of Barakah Nuclear Power Plant
The Barakah One Company, a joint venture between the Emirates Nuclear Energy Corporation (ENEC) and Korea Electric Power Corporation (KEPCO), has secured new financing for the Barakah Nuclear Energy Plant. This milestone deal signifies a shift towards domestic support for the UAE’s flagship clean energy project. Previously, the Export-Import Bank of Korea (KEXIM) provided loan facilities to support the construction and development of the Barakah plant. Barakah […]
